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Why did populists want the US to move from a country backed by gold to one backed by both gold and silver?
Populists advocated for the U.S. to adopt a bi-metallic standard of both gold and silver to increase the money supply, which they believed would alleviate economic hardships faced by farmers and working-class citizens. By backing currency with silver in addition to gold, they aimed to create inflation that would raise prices for crops and goods, making debts easier to repay. This shift was seen as a way to counter the deflationary effects of a strict gold standard, which they felt favored wealthy industrialists and banks at the expense of ordinary Americans.
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Why did populists want the US to move from a currency backed by gold to one backed by both gold and silver?
It would increase the supply of money.
Why did Populists want the United States to move from a currency backed by gold to one backed by both gold and silver?
it would increase the supply of money
Why did Populists want the US to move from a currency backed by gold to one back by both gold and silver?
it ould increase the supply of money
Why did populists want the US to move from a currency backed by both gold and silver?
Populists advocated for a shift from a gold and silver-backed currency to a system primarily based on silver because they believed it would increase the money supply, stimulate economic growth, and help struggling farmers and laborers. They argued that a bimetallic standard favored wealthy elites and banks, while a silver standard would empower the working class and alleviate debt burdens. By promoting "free silver," populists sought to combat deflation and ensure more accessible credit for the average American.
Why did populist want the US to move from currency backed by gold to one backed by both gold and silver?
In 1893, the country was in thrown into a depression that lasted until roughly 1900 from the bursting of the railroad speculation bubble. Populists, who were primarily farmers, wanted to reinstate the system of bimetallism that had traditionally been in place in an effort to inflate the currency to provide them with more cash that could then be used to pay off their debts with cheaper dollars. -It would increase the supply of money.
Why did the populists want the US to move from a currency backed by gold to one backed by both gold and silver?
It would increase the supply of money.
Why did populists want the US to move from currency backed by gold to one backed by both gold and silver?
It would increase the supply of money.
Why did populists want the US to move from a currency backed by gold to one backed by both gold and silver?
It would increase the supply of money.
Why did Populists want the United States to move from a currency backed by gold to one backed by both gold and silver?
it would increase the supply of money
Why did populists want the unites states to move from a currency backed by gold to one backed by both gold and silver?
it would increase the supply of money
Why did Populists want the US to move from a currency backed by gold to one back by both gold and silver?
it ould increase the supply of money
Why did populists want the US to move from a currency backed by both gold and silver?
Populists advocated for a shift from a gold and silver-backed currency to a system primarily based on silver because they believed it would increase the money supply, stimulate economic growth, and help struggling farmers and laborers. They argued that a bimetallic standard favored wealthy elites and banks, while a silver standard would empower the working class and alleviate debt burdens. By promoting "free silver," populists sought to combat deflation and ensure more accessible credit for the average American.
Why did populists want the US to move from a currency backed by gold to one backed by both gold and silvers?
It would increase the supply of money.
Why did populists want the US to move from a currency backed by gold to one backed by both gold and sliver?
Populists advocated for a shift from a gold-backed currency to a bimetallic standard that included both gold and silver to increase the money supply, which they believed would help alleviate economic hardships faced by farmers and laborers. They argued that a silver-backed currency would lead to inflation, making it easier for debtors to pay off loans and stimulating economic growth. This move aimed to provide more financial flexibility and empower the working class against the interests of wealthy industrialists and bankers who favored the gold standard. Ultimately, it was seen as a means to promote greater economic equality and social justice.
Why did the populist want the US to move from a currency backed by gold to one backed by both gold and silver?
In 1893, the country was in thrown into a depression that lasted until roughly 1900 from the bursting of the railroad speculation bubble. Populists, who were primarily farmers, wanted to reinstate the system of bimetallism that had traditionally been in place in an effort to inflate the currency to provide them with more cash that could then be used to pay off their debts with cheaper dollars. -It would increase the supply of money.
Why did populist want US to move from a currency backed by gold to one backed by both gold and silver?
In 1893, the country was in thrown into a depression that lasted until roughly 1900 from the bursting of the railroad speculation bubble. Populists, who were primarily farmers, wanted to reinstate the system of bimetallism that had traditionally been in place in an effort to inflate the currency to provide them with more cash that could then be used to pay off their debts with cheaper dollars. -It would increase the supply of money.
Why did populist want the US to move from a currency backed by gold to on backed by both gold and silver?
In 1893, the country was in thrown into a depression that lasted until roughly 1900 from the bursting of the railroad speculation bubble. Populists, who were primarily farmers, wanted to reinstate the system of bimetallism that had traditionally been in place in an effort to inflate the currency to provide them with more cash that could then be used to pay off their debts with cheaper dollars. -It would increase the supply of money.
